Gold, Silver Rate Today Highlights: Gold prices continued their blistering run on Monday, pushing decisively past the $5,100 mark as investors and central banks doubled down on safe-haven assets amid rising geopolitical tensions and policy uncertainty in the United States. The rally underscored how precious metals have become a preferred hedge against market volatility triggered by trade risks, currency swings and shifting monetary expectations.
Spot gold climbed over 2% to trade near $5,092 an ounce after touching a fresh all-time high above $5,110 earlier in the session. US gold futures for February delivery moved in tandem, reflecting strong global participation in the rally.
The rally has not been limited to gold alone. Spot silver briefly surged above $110 an ounce, extending its sharp gains after crossing the $100 mark for the first time last week. Platinum and palladium also posted strong advances, touching record and multi-year highs, as tight supply conditions and momentum-driven buying continued to lift the broader precious metals complex.
Gold prices have soared 64% in 2025, supported by sustained safe-haven demand, US monetary policy easing, robust central bank purchases, and record inflows into exchange-traded funds. Gold prices have gained more than 16% this year. Silver prices are building on its 147% rise last year as retail-investor flows and momentum-driven buying compounded a prolonged spell of tightness in physical markets for the metal.
Escalating tensions between the United States and NATO over Greenland has lent additional support to the gold prices on expectations of more financial and geopolitical uncertainty. Meanwhile, China extended its gold-buying spree for a fourteenth month in December, Reuters reported.
MCX Gold, Silver Prices
MCX gold price ended lower by ₹378, or 0.24%, at ₹1,55,963 per 10 grams on Friday. MCX silver prices jumped by ₹7,311, or 2.23%, to end at ₹3,34,600 per kg.
Meanwhile, MCX has a trading holiday for both the morning session as well as the evening session today for Republic Day 2026. Trading in commodity futures, including MCX gold and silver, will resume on Tuesday, 27 January 2026.
Stay tuned to our Gold, Silver Rate Today Live blog for the latest updates.